A subagent is areal estate agent or broker who brings in the buyer to purchase a property,but he is not the property listing agent. The subagent usually earns a portion of the commission. Subagents are rare today because of the popularity of buyer agents and due to liability concerns.
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What is a subagency in real estate?
Learn About Subagency in Real Estate. Subagency refers to a specific client representation relationship between a property listing broker or real estate agent and another real estate broker or agent who brings the buyer to purchase the property.
What is the difference between a buyer’s agent and a subagent?
Some states do not permit subagents in real estate transactions. Subagents have been replaced in many cases with a buyer’s agent. A buyer’s agent (or buyer’s representative) is the agent of the buyer and owes a fiduciary duty to the buyer rather than to the seller.
What is a sub agent in real estate?
A sub agent is a real estate licensee who provides services to a buyer while also acting as the seller agent in a real estate transaction. While working with a buyer, an agent fiduciary obligations are really owed to the seller, not the buyer.
What is the difference between a subagent and a disclosed Agent?
The subagent works with the buyer to show the property but owes fiduciary duties to the listing broker and the seller. A disclosed dual agent represents both the buyer and the seller in the same real estate transaction.